Ann: Annual Report to shareholders, page-250

Hi Spid, thanks. My reading of the “at all times” would be that once they have a debt payment due in that quarter then they are obligated to hold the necessary debt service reserve. So if they have payments due in March 2025 then for the whole of that quarter they would need to maintain the required debt reserve as per those loan conditions. Guess Gemcorp doesn’t want them to get to the end of a quarter and suddenly find out there are no funds available, this way they are required to hold funds available from the beginning of quarter, likely WKT needing to advice Gemcorp if any breach

But curious how others read it.

Anyway, for completeness, here is a screenshot from Annual report on when they currently plan to commence principle repayments.